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Author: Noel Wandera

State mulls measures to cut debt servicing costs

Reading Time: 2 minutes Parliamentary Budget Office (PBO) has raised a red flag on the inability of the manufacturing sector to spur growth and […]

KCB Group terminates its pursuit of Tanzania lender

Reading Time: 1 minute KCB Group will not acquire Tanzania’s African Banking Corporation (ABC Tanzania) after all, following delay in getting regulatory approvals from […]

NCBA projects economy to grow by 5.8pc in 2021

Reading Time: 2 minutes Kenya’s gross domestic product (GDP) is projected to grow by 5.80 per cent in 2021, says NCBA Regional Economic Outlook […]

Philanthropic investment firms unveil Ksh770M for region

Reading Time: 2 minutes Global Philanthropic Investment Firm and its Kenyan Partners partners will invest $7 million in Sub-Saharan Africa to support holistic learning […]

WB raises concen over banks’ large NPL ratios

Reading Time: 2 minutes World Bank has raised concern that the high stock of non-performing loans (NPLs) held by bank’s risks slowing down or […]

Absa Bank Q3 profit up to Sh8.2b on interest income growth

Reading Time: < 1 minute Absa Bank Kenya has posted a Sh8.2 billion net profit for the period ended September 30, 2021 compared to Sh1.9 […]

EU Bank to unveil Sh54.7b kitty for housing projects

Reading Time: 2 minutes A team from European Investment Bank (EIB) will be in Nairobi next week to roll out a €430 million (Sh54.7 […]

Expressway spike cost of apartments

Reading Time: 2 minutes Investors are eyeing apartments along Mombasa Road in anticipation of a surge in property prices once the Sh63 billion Nairobi […]